After a number of controversial bills proposed from various industry groups over the last few years, the Tennessee construction community came together in 2020 to push through legislation intended to protect members of the...more
11/5/2020
/ Adequate Assurances ,
Construction Industry ,
Construction Liens ,
Construction Loans ,
Construction Project ,
Demand Letter ,
Funding ,
Lien Notes ,
Lien Priority ,
Prompt Payment ,
Proposed Legislation ,
Retainage ,
State and Local Government ,
Statute of Limitations ,
Statute of Repose ,
Trust Funds ,
Waivers
Most private construction contracts contain binding arbitration clauses and apply the “law of the state where the project is located.” While arbitration is less formal than court/litigation, legal defenses are often raised,...more